JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BATS:BBCB – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 11,246 shares, an increase of 1,455.5% from the September 15th total of 723 shares. Based on an average trading volume of 5,230 shares, the short-interest ratio is currently 2.2 days. Approximately 1.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 14.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,658 shares of the company’s stock valued at $574,000 after purchasing an additional 1,566 shares in the last quarter. MLG Wealth Management DBA Pine Grove Financial Group acquired a new position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the 2nd quarter worth $218,000. Avant Capital LLC acquired a new position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the 2nd quarter worth $308,000. Windsor Capital Management LLC bought a new stake in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF during the 2nd quarter worth $250,000. Finally, Bank of America Corp DE lifted its position in shares of JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF by 240.9% during the 1st quarter. Bank of America Corp DE now owns 26,907 shares of the company’s stock worth $1,220,000 after buying an additional 19,013 shares during the last quarter.
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Price Performance
Shares of BATS:BBCB traded up $0.01 during midday trading on Friday, hitting $43.04. The stock had a trading volume of 33,710 shares, compared to its average volume of 5,596. The company’s 50-day moving average price is $43.92 and its 200-day moving average price is $44.71. JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF has a fifty-two week low of $42.64 and a fifty-two week high of $46.72.
JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF Company Profile
The JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund seeks to track a market-cap weighted index to provide exposure to high-yield, USD-denominated corporate debt securities. The fund invests in securities with maturities of at least 18 months. BBCB was launched on Dec 12, 2018 and is managed by JPMorgan Chase.
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